What’s The Point of Business Continuity Planning?

Natural disasters are notorious for catching people and businesses off guard, leaving them confused, scared, and for lack of a better word… devastated. A big problem associated with natural disasters is the lack of knowledge regarding what to do before, during, and after your business is affected. For business owners, it is imperative to have an exact plan outlined, as this can reduce the time it takes to get your business back up and running. This outlined plan can be executed in the form of a Business Continuity Plan!

The basic premise of a Business Continuity Plan is to be proactive, rather than reactive if disaster strikes. In the event of a disaster, or other catastrophe, your facility could experience damage, and business may be interrupted until your property is restored – which poses a detrimental financial threat to your company. By identifying and outlining potential risks and critical functions of your business, you can then easily develop a plan that will help ensure your business can remain operating in the event of a disaster. Creating a Business Continuity Plan minimizes business interruption, and can help reduce restoration costs. Last-minute decisions made in the face of a disaster are likely to increase both the time and cost of recovery, and inflict far more stress on a business and its owners.

I know what you might be thinking, “the plan takes too much time”, or “it’s too expensive”. However, one in four businesses never recover after facing a major disaster. There are many excuses that can be made to avoid the task of developing a Business Continuity Plan, but are you willing to let those excuses stand in the way of your business surviving after a disaster? The time and effort your company puts into creating the plan does not take long, and it certainly ensures security and peace of mind for years to come.